FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet

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  • Опубликовано: 21 ноя 2024

Комментарии • 56

  • @LincolnFelix-s4z
    @LincolnFelix-s4z 17 дней назад +175

    Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

    • @SophiaChloé6f
      @SophiaChloé6f 17 дней назад

      The deeper your investment roots, the stronger your financial security will be in the future.

    • @AbigailOliviaq4l
      @AbigailOliviaq4l 17 дней назад

      Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

    • @LoganGabriel6m
      @LoganGabriel6m 17 дней назад

      I would love an introduction to an adviser who can help me strengthen my financial roots.

    • @AbigailOliviaq4l
      @AbigailOliviaq4l 17 дней назад

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

    • @LoganGabriel6m
      @LoganGabriel6m 17 дней назад

      Thank you for this amazing tip. I just looked the name up and wrote her.

  • @bababooey8688
    @bababooey8688 10 месяцев назад +16

    Thank you for that information. I am pulling out the last 7 strands of hairs on my head dealing with my home search. Thanks again.

  • @MoneyOpulence
    @MoneyOpulence Год назад +12

    This has been very insightful. I wish more RUclipsrs take the time to create quality content like this. Thanks for sharing this take on FHA and Conventional Mortgage. Keep it up!

  • @xstalor7720
    @xstalor7720 Месяц назад

    Thank you so much. You did one of the best job of explaining FHA loan. So basically you don't win either way with a FHA loan, because your paying high in insurance.

  • @cecilialynch6854
    @cecilialynch6854 7 месяцев назад +4

    Great helpful info. 1.75% upfront for PMI and monthly payments! That seems crazy!

  • @mercedezholder7706
    @mercedezholder7706 Год назад +4

    Thank you for explaining this. I’m currently in the market and this helps me look for better homes.

  • @Ilovelucy12
    @Ilovelucy12 Год назад +10

    Good luck finding a lender who approves 500 even 580

  • @drea24c
    @drea24c 7 месяцев назад +1

    Wish I had found this video sooner.

  • @Psalms20A21
    @Psalms20A21 4 месяца назад +1

    Thank You, very helpful and informative. And Enjoyable!
    Will share.

  • @winniejohnson5476
    @winniejohnson5476 3 месяца назад

    This was a great explanation!! Thank you!

  • @DileoFilms
    @DileoFilms 2 месяца назад +2

    So you are stuck with private mortgage insurance with an FHA loan, even after you achieve 20% equity?

    • @eduardovargas6467
      @eduardovargas6467 Месяц назад +2

      Yeah but it lasts for 11 years

    • @jaymcbride4081
      @jaymcbride4081 5 дней назад

      Looks that way if you put less than 10% down. If you put 10 or more it only last 11 years.

  • @joshharter2624
    @joshharter2624 Год назад +4

    Excellent video, very informative. As a part of high school graduation this should be required viewing.

  • @Danish2064
    @Danish2064 2 месяца назад +1

    Fun fact, you can get up to 50% dti with most conventional loans

  • @Zakdj27
    @Zakdj27 Год назад +1

    Why would a lender try to get an FHA loan for my sister and then change it to a conventional loan? She has some CC debt and wants to buy my deceased mothers home from the trust my mother setup. She already owns a 1/4 of the house.

  • @FoodReviewerByNusrat
    @FoodReviewerByNusrat Год назад +3

    very nice video

  • @mattiadizard7431
    @mattiadizard7431 3 месяца назад

    I and my man were told that the credit score must be 580 and his is 550 to get an fha loan

  • @alex182618
    @alex182618 5 месяцев назад

    I like the explanation

  • @katrinawilliams9095
    @katrinawilliams9095 4 месяца назад

    Thank you so much

  • @CecilliaOscar-c3h
    @CecilliaOscar-c3h Месяц назад

    Margot Inlet

  • @BillLattimore-s2i
    @BillLattimore-s2i 2 месяца назад

    005 Jamey Spring

  • @thejuiceisloose3785
    @thejuiceisloose3785 4 месяца назад

    I had to have a 640

  • @JaneGrey-n1d
    @JaneGrey-n1d Месяц назад

    Clemens Green

  • @RayPestka-f8i
    @RayPestka-f8i 2 месяца назад

    Wanda Ports

  • @NumbersKwiat-x5z
    @NumbersKwiat-x5z 2 месяца назад

    Davis Isle

  • @DudleyTatu-g6e
    @DudleyTatu-g6e 2 месяца назад

    Connelly Corners

  • @StevenColeman-q4l
    @StevenColeman-q4l 2 месяца назад

    Kirlin Harbors

  • @DrydenTina
    @DrydenTina 2 месяца назад

    646 Breitenberg Mountain

  • @martinsomsson
    @martinsomsson Месяц назад

    082 Garfield Island

  • @JonathanDryden-j5i
    @JonathanDryden-j5i 2 месяца назад

    Declan Corners

  • @GeorgeLee-z6x
    @GeorgeLee-z6x 2 месяца назад

    Margaretta Squares

  • @BariGrumbling-e2j
    @BariGrumbling-e2j Месяц назад

    Maudie Path

  • @TwainMichell-v6z
    @TwainMichell-v6z 2 месяца назад

    Valentina Pine

  • @Dev-d4v
    @Dev-d4v 3 месяца назад

    understood nothing

  • @kingshomes8546
    @kingshomes8546 Месяц назад

    666 Devil Road

  • @ej.24.19
    @ej.24.19 11 месяцев назад +5

    your shelves are a little crooked

    • @colbyreader
      @colbyreader 5 месяцев назад

      Really worrying about the important stuff here

    • @Jjsibbley
      @Jjsibbley 3 месяца назад

      Lol ok Mr. Monk

    • @albyDpo
      @albyDpo 18 дней назад

      😂😭

  • @LisaJohnson69Jones-j6c
    @LisaJohnson69Jones-j6c 2 месяца назад

    Pollich Pike

  • @cdaddy20
    @cdaddy20 2 месяца назад

    I mean no malice but you explained this as if you’re not confident or NW attorneys informed you not to commit to any information provided.
    I understand viewers will find this video informative but its basic info you’ll find on any brochure. Viewers should already have basic knowledge of what’s mentioned before considering large debts.
    For some viewers, maybe this isn’t your thing and thats fine. Spend the time seeking professionals based on reliable ratings. Just keep in mind it’s all designed to push the debt. It is ALL designed to push debt.
    If you understand the last sentence then you’ll probably be fine and have an understanding regarding the steps best for you.

  • @LorenzoSpratlen
    @LorenzoSpratlen 2 месяца назад

    6508 Murphy Drive

  • @BrowningBaldwin-b4z
    @BrowningBaldwin-b4z 2 месяца назад

    Gutmann Track

  • @같싶
    @같싶 2 месяца назад

    7497 Rau Radial

  • @RM-jb2bv
    @RM-jb2bv 5 месяцев назад +2

    WHO tf is FHA for?!!!!

  • @BellEdison-i7y
    @BellEdison-i7y 2 месяца назад

    00099 Luettgen Route

  • @AnthonyGarcia-u7s
    @AnthonyGarcia-u7s 2 месяца назад

    Altenwerth Circle

  • @JonsonDorothy
    @JonsonDorothy 2 месяца назад

    0356 Sister Via